Growth of FinTech is depending on the regulatory environment. Many countries have either framed or are in the process of forming sandboxes to enable FinTechs to rise. Taiwan has joined the race. FSC in Taiwan has shed away from its conservative approach and has adopted innovative & creative approach towards Fintechs. Cheng-Mount Cheng, Vice Chairman at FSC in Taiwan, believes that deregulation is necessary for healthier ecosystem.